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The problem is the bid/ask spread. Ultimately everyone would prefer cheaper education with the exception of college administrators. The last 40 years has seen
by lumost 4y ago
The problem is the bid/ask spread. Ultimately everyone would prefer cheaper education with the exception of college administrators.
The last 40 years has seen interest rates steadily fall, allowing students to pay the cost of education further in the future. This in turn allowed students to bid more for education that they otherwise would have paid less for.
If interest rates and inflation reverse their long term course, then there is no reason to believe that students will be able to afford their previous rates.
- landemva 4y ago> everyone would prefer cheaper education with the exception of college administrators. And the banksters who make the student loans which are difficult to discharge in bankruptcy. The price ramp started after the no bankruptcy provision was made law. https://thehill.com/blogs/congress-blog/economy-budget/283625-how-the-clinton-administration-made-it-harder-on-student https://thehill.com/blogs/congress-blog/economy-budget/28362... Simply repeal this law which was a gift to the banksters in the 1990s.